Ballarat VIC (6 beds)

Description

$990,000 - $1,040,000

Final price subject to land availability and site costs.

This Co-living in Ballarat offers a well-balanced combination of modern living and investment potential. Featuring 6 bedrooms, 6 bathrooms and 2 car space/s, it has been designed with both comfort and functionality in mind. Its practical layout and quality finishes make it appealing to tenants and homeowners alike. Located in a growing area, it provides strong prospects for both rental demand and long-term capital growth. A property that delivers both lifestyle and value.

5 Year Rental Guarantee @ $2,100 Per Week: The guarantee spans five years from the start date, which is typically 14 days after the settlement date or issuance of the occupancy permit. Investors receive a gross rental yield of at least 10% annually over this period.

What is Covered: The guarantee ensures 100% rental income during the period, even if vacancies occur, offering peace of mind to investors.

Suburb profile:

Ballarat is a booming residential suburb in Melbourne's outer south-east, known for its family-friendly communities, excellent transport access and expanding infrastructure. Residents enjoy proximity to Cranbourne Park Shopping Centre, local schools and public transport options including train and bus routes. The area continues to grow with major amenities and green open spaces, making it highly desirable for both families and investors. As part of the City of Casey, Ballarat benefits from strong local council investment and ongoing residential development.

This property includes six self-contained units each with a:

• Bedroom
• Bathroom
• Study Desk
• Living Room
• Kitchenette
• A/C
• Courtyard

Common areas include:

• Storage
• Bike Rack
• Kitchen
• Dining Room
• Laundry
• Social Area
• 6 Mailboxes

Rent Includes:

• Wi-fi
• Electricity
• Water
• Common Area Cleaning
• Gardening
• Maintenance

Furniture Pack:

• Each unit is equipped with a 55” flat-screen TV, data points, a digital door lock for security, a mini fridge, and a kitchenette with a convection microwave.
• Furnishings include a double bed with bed frame and mattress protector, lamp, desk, chair, TV unit, two-seater couch, and coffee table.
• The common area features a dining table, washing machine, dryer, and fridge.

3.1kW Solar System:

• Features 3.1kW 3ph Hybrid (battery-ready) PV Solar system, reducing power consumption from the grid and providing a sustainable environmental benefit.

Split System:

• 2.65kW A/C Split System is included in each unit for optimal comfort.
• Split system heating and cooling is provided to each unit and the communal area for complete climate control.

Security Features:

• Digital door locks to each unit
• Alarm system for added security and peace of mind

Front & Rear Landscaping:

• The landscaping features a stylish blend of mulch, turf, and garden beds with trees and shrubs.
• The property also includes side and back fencing, along with wing fences which create private outdoor areas for each unit.
• Each unit's outdoor area has a 9m² concrete pad for table and chairs.

This Co-living in Ballarat delivers a combination of modern comfort and investment strength. Its thoughtful design and strategic location make it a valuable option for buyers seeking both performance and practicality. An opportunity worth considering.

A co-living property is a type of shared accommodation that offers private bedrooms with ensuite bathrooms and communal spaces such as kitchens, living rooms, dining areas, laundry facilities and outdoor areas.

Co-living properties are designed to foster a sense of community, convenience and comfort among the residents, who can enjoy the benefits of having their own space as well as socialising with like-minded people.

A co-living property attracts tenants who are looking for an affordable, flexible and hassle-free living option that suits their lifestyle and needs.

Co-living tenants are typically young professionals, students, digital nomads, entrepreneurs, creatives and seniors who value convenience, connectivity and collaboration.

A co-living property offers benefits to an investor who is looking for a high-yield, low-risk and future-proof investment opportunity.

Co-living properties have a higher occupancy rate, lower vacancy rate and lower turnover rate than traditional rental properties, as they cater to the growing demand for affordable and flexible housing solutions in urban areas.

Co-living properties also have higher capital growth potential, as they are generally located in prime locations with access to transport, education, employment and entertainment hubs.

You can read more about Co-Living here: Co-Living: The Future of Australian Housing.